Fitch: A Mongolia-Rio Tinto Deal Would Be Credit Positive

April 9, 2015 5:30 AM

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(The following statement was released by the rating agency) HONG KONG/SINGAPORE, April 09 (Fitch) An agreement between the Mongolian government and Rio Tinto to proceed with the phase 2 expansion of the Oyu Tolgoi gold and copper mine would help stabilise the sovereign credit profile from the current Negative Outlook, says Fitch Ratings.

A deal could have potentially transformative effects for the country's external accounts and macroeconomic position, catalysing billions of dollars in new foreign capital inflows, accelerating economic activity, and providing relief to many of the country's key credit constraints. In turn, this woul...

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